selling almost finished........., page-13

I think the chances of the deal going through is 99% for one or all of the following reasons:

1. The resource is of reasonable size not too small for a company like MCC to tackle.
2. It is one way of converting China massive US$ reserves to AUD. Note MCC is a central government controlled entity.
Probably hardly make a dent to the US$ reserves, but every million counts.
3. Hedge against future Fe price increases.
4. Desperate for iron to build 200 cities and 29 airports China has planned. China uses more than 500mt of iron per year (from Forbes). 400mt from CFE helps.
5. Economies of scale, another project is nearby.

But, is the deal good for CFE? I think it is. Many reasons have been stated so I won't repeat them here.